The Geo. D. Warthen Bank
The Geo. D. Warthen Bank is headquartered in Sandersville and is the 99th largest bank in the state of Georgia. It is also the 3,581st largest bank in the nation. It was established in 1871 and as of December of 2013, it had grown to 46 employees at 2 locations. The Geo. D. Warthen Bank's savings rates are 94% higher than the national average, but it has a C health rating.
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Limited To Seven Georgia Counties
For their Rewards Checking:
"This product is limited to those persons residing in the following counties. Washington, Johnson, Jefferson, Hancock, Glascock, Baldwin, and Wilkinson."
Data for Q4 2013
Institution Health
Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 The Geo. D. Warthen Bank had $6.72 million in non-current loans and owned real-estate with $14.12 million in equity and loan loss allowances on hand to cover it. This gives The Geo. D. Warthen Bank a Texas Ratio of 47.64% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for The Geo. D. Warthen Bank decreased slightly from 62.48% as of December 31, 2012 to 47.64% as of December 31, 2013, resulting in a positive change of 23.75%.This indicates that the balance sheet and financial strength for The Geo. D. Warthen Bank has improved slightly in recent periods.
Deposit Growth
In the past year, The Geo. D. Warthen Bank has decreased its total deposits by -$16.43 million, resulting in -10.51% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth The Geo. D. Warthen Bank has shown is poor.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. The Geo. D. Warthen Bank has $159.38 million in assets with $14.12 million in equity, resulting in a capitalization level of 8.86%, which is average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 2154 |
| Year Established | 1871 |
| Employees | 46 |
| Primary Regulator | FDIC |
| Assets and Liabilities | |
|---|---|
| Assets | $159.38 million |
| Loans | $94.25 million |
| Deposits | $139.92 million |
| Equity Capital | $13.27 million |
| Loan Loss Allowance | $845,000 |
| Unbacked Noncurrent Loans | $2.18 million |
| Real Estate Owned | $4.54 million |
| Historic Data - December 2012 | |
|---|---|
| Assets | $174.84 million |
| Equity Capital | $15.71 million |
| Loan Loss Allowance | $1.18 million |
| Unbacked Noncurrent Loans | $2.18 million |
| Real Estate Owned | $1.11 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.97% |
| Return on Assets | -0.8% |
| Return on Equity | -8.95% |
| Interest Income | $6.60 million |
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The Geo. D. Warthen Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 1.01% | - | $10k | REALSaver | |
| 0.05% | - | - | REALSaver |
The Geo. D. Warthen Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 2.01% | - | $10k | Reward Checking-REALSaver | |
| 2.01% | - | $10k | Reward Checking | |
| 0.05% | - | - | Reward Checking-REALSaver | |
| 0.05% | - | - | Reward Checking |
| The Geo. D. Warthen Bank Locations | ||
|---|---|---|
| The Geo. D. Warthen Bank | 216 North Harris Street | Sandersville, GA 31082 |
| Limited Service Facility | 603 South Harris Street | Sandersville, GA 31082 |